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Columbia Business School (part of Columbia University ), officially named the '''Columbia University Graduate School of Business''', and also known as '''CBS''', was established in 1916 to provide business training and professional preparation for undergraduate and graduate Columbia University students. It is one of six Ivy League Business Schools . Alonzo Barton Hepburn , then president of Chase Manhattan Bank, founded the Columbia University Graduate School of Business with 11 full-time faculty members and an opening class of 61 students, including 8 women. The School expanded rapidly, enrolling 420 students by 1920 and, in 1924 , added a PhD program to the existing BS and MS degree programs. In 1945, Columbia Business School authorized the awarding of the Master of Business Administration degree (MBA). Shortly thereafter, the School adopted the Hermes emblem as its symbol, reflecting the entrepreneurial nature of the Greek god Hermes and his association with business, commerce and communication. In 1952, the School admitted its last class of undergraduates. The school currently offers a full-time MBA program, an executive MBA program, a PhD program, and various executive education programs. On July 1, 2004, R. Glenn Hubbard became Columbia Business School's eleventh dean. Hubbard, the former chair of President Bush's Council of Economic Advisers, has worked at the intersection of the private, government and nonprofit sectors and has been actively engaged in national and international economic policy issues. Columbia Business School is known for its close ties to Wall Street and the seminal work completed in the field of finance by professors Benjamin Graham and David Dodd . Notable graduates of the Value Investing program include Warren Buffett , Mario Gabelli , Leon Cooperman , Chuck Royce , Paul Sonkin and William Von Mueffling . The school has an international emphasis, and many alumni have achieved distinction in the public as well as the private sector. Columbia Business School is affiliated with 12 winners of the Nobel Prize In Economics including current professor Joseph Stiglitz . The most represented undergraduate universities in the student body are the University Of Pennsylvania , Cornell University , Columbia University , Harvard University , Yale University , Duke University , Princeton University , Georgetown University , Dartmouth College , University Of Virginia , Brown University , Stanford University and Cal-Berkeley . The acceptance rate in 2006 was 15%, a rate exceeded by only one other MBA program. Columbia's average GMAT score of 709 and total full-time enrollment of 1,196 are third highest among U.S. business schools. Columbia is one of the most heterogeneous of leading business schools in professional background, international representation and individual demographics. Each fall in recent years, approximately 35 percent of the entering class are women and approximately 20 percent are members of minority groups. Columbia is typically 1st or 2nd among peer schools in terms of these percentages. RANKING The full-time MBA program is consistently ranked among the top business schools in the world:
PROMINENT ALUMNI
FACULTY The faculty includes Nobel Prize winner Joseph Stiglitz and the current Dean is the former Presidential Council of Economic Advisor's Chairman Glenn Hubbard . Hedge Fund guru Joel Greenblatt is currently an adjunct professor. RESEARCH CENTERS Research Centers at Columbia Business School include:
SEE ALSO EXTERNAL LINKS
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